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Calypte Implements Reverse Stock Split; $15 Billion Emergency Plan for AIDS Relief Signed by President Bush
28 May 2003, 09:03am ET

ALAMEDA, Calif.--(BUSINESS WIRE)--May 28, 2003--Calypte Biomedical Corporation (OTCBB:CALY), the developer and marketer of the only two FDA approved HIV-1 antibody tests that can be used on urine samples, as well as an FDA approved serum HIV-1 antibody Western blot supplemental test, announced that it has been informed by the Over the Counter Bulletin Board (OTCBB) that its common stock, following the 1:30 reverse stock split approved by its stockholders on May 20, 2003, will trade temporarily under the symbol CYPTV beginning today. Calypte expects that its common stock will ultimately trade on the OTCBB under the symbol CYPT. The new stock symbol and post-split trading will be effective at the opening of the OTCBB on Wednesday, May 28, 2003.

"This restructuring is the cornerstone of our ongoing plans to add value and growth, that along with our government initiatives, we believe will allow us to utilize such opportunities as the Emergency Plan for AIDS Relief signed yesterday, which provides for significant prevention efforts, including voluntary testing and counseling," said Anthony Cataldo, Executive Chairman of Calypte Biomedical.

"Calypte, along with many other companies and organizations in the U.S. and abroad, are committed to helping the most HIV/AIDS afflicted countries around the globe."
 
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Autor (Datum des Eintrages): MRASTA  (28.05.03 15:16:09)
Beitrag: 562 von 569 (ID:9587483)
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